Silver Price Falls as Treasury Yields Rise Amid Inflation Fears

The silver price (XAG/USD) continues to decline, down 1.7% to near $58.00 during the European trading session on Friday.

This decrease is largely attributed to the rebound in US Treasury Yields and the strengthening of the US Dollar (USD), which are both unfavorable for non-yielding assets like silver.

The 10-year US Treasury Yields have bounced back by 0.45% to near 4.68%, fueled by fears that inflationary pressures will remain elevated, according to TD Securities.

The Federal Reserve's (Fed) recent monetary policy announcement left interest rates unchanged, but policymakers expressed concerns about inflation remaining above the central bank's 2% target.